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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Revenue:        
Revenue $ 717,240 $ 709,619 $ 1,813,001 $ 1,707,818
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 486,936 501,592 1,301,346 1,258,463
General and administrative expenses 47,364 50,972 146,454 132,385
Depreciation, depletion, amortization and accretion 59,082 58,054 173,651 163,760
Gain on sale of property, plant and equipment (1,159) (1,616) (4,331) (5,747)
Operating (loss) income 125,017 100,617 195,881 158,957
Interest expense 24,134 24,623 72,536 78,049
Loss on debt financings 6,016 4,064 6,016 4,064
Loss (gain) on sale of businesses 113 0 (15,319) 0
Other income, net (1,137) (1,226) (10,721) (2,753)
Income from operations before taxes 95,891 73,156 143,369 79,597
Income tax expense (benefit) 20,513 (19,613) 33,478 (25,333)
Net income 75,378 92,769 109,891 104,930
Net income attributable to Summit Holdings 1,174 2,039 1,545 2,115
Net income (loss) attributable to Summit Inc/LLC 74,204 90,730 108,346 102,815
Summit Materials, LLC        
Revenue:        
Revenue 717,240 709,619 1,813,001 1,707,818
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 486,936 501,592 1,301,346 1,258,463
General and administrative expenses 47,364 50,972 146,454 132,385
Depreciation, depletion, amortization and accretion 59,082 58,054 173,651 163,760
Gain on sale of property, plant and equipment (1,159) (1,616) (4,331) (5,747)
Operating (loss) income 125,017 100,617 195,881 158,957
Interest expense 24,134 24,561 72,474 77,807
Loss on debt financings 6,016 4,064 6,016 4,064
Loss (gain) on sale of businesses 113 0 (15,319) 0
Other income, net (1,137) (1,226) (10,721) (2,753)
Income from operations before taxes 95,891 73,218 143,431 79,839
Income tax expense (benefit) 7,016 (5,106) 12,531 (4,877)
Net income 88,875 78,324 130,900 84,716
Net income attributable to noncontrolling interest in subsidiaries 0 0 0 0
Net income (loss) attributable to Summit Inc/LLC 88,875 $ 78,324 130,900 $ 84,716
Issuers | 5 1/8% Senior Notes, due 2025        
Cost of revenue (excluding items shown separately below):        
Loss on debt financings $ 6,016   $ 6,016  
Common Class A        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.63 $ 0.79 $ 0.92 $ 0.90
Diluted (usd per share) $ 0.62 $ 0.79 $ 0.92 $ 0.90
Weighted average shares of Class A common stock:        
Basic (in shares) 118,272,955 114,116,564 117,040,207 113,943,292
Diluted (in shares) 119,291,646 114,472,171 118,360,615 114,457,276
Common Class A And Restricted Stock        
Earnings per share of Class A common stock:        
Basic (usd per share) $ 0.63 $ 0.79 $ 0.92 $ 0.90
Weighted average shares of Class A common stock:        
Basic (in shares) 118,473,530 114,436,907 117,258,431 114,088,447
Excluding delivery and subcontract revenue        
Revenue:        
Revenue $ 662,259 $ 645,246 $ 1,679,270 $ 1,562,892
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 431,955 437,219 1,167,615 1,113,537
Excluding delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 662,259 645,246 1,679,270 1,562,892
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 431,955 437,219 1,167,615 1,113,537
Product        
Revenue:        
Revenue 561,938 540,904 1,443,972 1,334,471
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 356,214 354,250 980,045 923,384
Product | Summit Materials, LLC        
Revenue:        
Revenue 561,938 540,904 1,443,972 1,334,471
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 356,214 354,250 980,045 923,384
Service        
Revenue:        
Revenue 100,321 104,342 235,298 228,421
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 75,741 82,969 187,570 190,153
Service | Summit Materials, LLC        
Revenue:        
Revenue 100,321 104,342 235,298 228,421
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 75,741 82,969 187,570 190,153
Delivery and subcontract revenue        
Revenue:        
Revenue 54,981 64,373 133,731 144,926
Cost of revenue (excluding items shown separately below):        
Net cost of revenue 54,981 64,373 133,731 144,926
Delivery and subcontract revenue | Summit Materials, LLC        
Revenue:        
Revenue 54,981 64,373 133,731 144,926
Cost of revenue (excluding items shown separately below):        
Net cost of revenue $ 54,981 $ 64,373 $ 133,731 $ 144,926